GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » VF Corp (NYSE:VFC) » Definitions » Cyclically Adjusted Price-to-FCF

VF (VFC) Cyclically Adjusted Price-to-FCF : 5.02 (As of May. 28, 2024)


View and export this data going back to 1966. Start your Free Trial

What is VF Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), VF's current share price is $12.35. VF's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.46. VF's Cyclically Adjusted Price-to-FCF for today is 5.02.

The historical rank and industry rank for VF's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

VFC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.92   Med: 28.42   Max: 39.54
Current: 5.01

During the past years, VF's highest Cyclically Adjusted Price-to-FCF was 39.54. The lowest was 4.92. And the median was 28.42.

VFC's Cyclically Adjusted Price-to-FCF is ranked better than
87.57% of 362 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.01 vs VFC: 5.01

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

VF's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.334. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


VF Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for VF's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

VF Cyclically Adjusted Price-to-FCF Chart

VF Annual Data
Trend Dec15 Dec16 Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.89 28.92 19.45 9.08 6.23

VF Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.08 7.61 7.21 7.75 6.23

Competitive Comparison of VF's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, VF's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


VF's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VF's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where VF's Cyclically Adjusted Price-to-FCF falls into.



VF Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

VF's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.35/2.46
=5.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VF's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, VF's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.334/131.7762*131.7762
=-0.334

Current CPI (Mar. 2024) = 131.7762.

VF Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.339 100.560 0.444
201409 0.139 100.428 0.182
201412 3.029 99.070 4.029
201503 -1.084 99.621 -1.434
201506 0.114 100.684 0.149
201509 -0.229 100.392 -0.301
201512 3.255 99.792 4.298
201603 -0.439 100.470 -0.576
201606 0.248 101.688 0.321
201609 -0.074 101.861 -0.096
201612 3.291 101.863 4.257
201703 -0.653 102.862 -0.837
201706 0.387 103.349 0.493
201709 -0.138 104.136 -0.175
201712 3.602 104.011 4.564
201803 -0.790 105.290 -0.989
201806 0.467 106.317 0.579
201809 -0.639 106.507 -0.791
201812 3.174 105.998 3.946
201903 0.490 107.251 0.602
201906 -0.312 108.070 -0.380
201909 -0.919 108.329 -1.118
201912 2.802 108.420 3.406
202003 -0.217 108.902 -0.263
202006 -0.220 108.767 -0.267
202009 0.046 109.815 0.055
202012 2.560 109.897 3.070
202103 0.258 111.754 0.304
202106 -0.084 114.631 -0.097
202109 -0.824 115.734 -0.938
202112 2.235 117.630 2.504
202203 0.043 121.301 0.047
202206 -1.130 125.017 -1.191
202209 -1.583 125.227 -1.666
202212 0.033 125.222 0.035
202303 0.314 127.348 0.325
202306 0.203 128.729 0.208
202309 -0.611 129.860 -0.620
202312 2.810 129.419 2.861
202403 -0.334 131.776 -0.334

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


VF  (NYSE:VFC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


VF Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of VF's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


VF (VFC) Business Description

Address
1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of about a dozen brands includes Vans, The North Face, Timberland, Supreme, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. The company has grown through multiple acquisitions and traces its roots to 1899.
Executives
Matthew J Shattock director 510 LAKE COOK ROAD, DEERFIELD IL 60015
Brent Hyder officer: EVP, Chief People Officer 415 MISSION STREET, 3RD FLOOR, SAN FRANCISCO CA 94105
Trevor A Edwards director 2080 NW 133RD PLACE, PORTLAND OR 97229
Richard Carucci director 1441 GARDINER LANE, LOUISVILLE KY 47113
Bracken Darrell officer: President & Chief Exec Officer 2000 M-63N, BENTON HARBOR MI 49022
Juliana L Chugg director 1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Benno O Dorer director 1221 BROADWAY, OAKLAND CA 94612
Clarence Jr Otis director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Mark Samuel Hoplamazian director 71 SOUTH WACKER DRIVE, SUITE 4700, CHICAGO IL 60606
Anita Z Graham officer: EVP, CHRO & Public Affairs C/O THE ADT CORPORATION, 1501 YAMATO ROAD, BOCA RATON FL 33431
Nicole Beth Otto officer: EVP & Global Brand Pres. TNF C/O CONTAINER STORE GROUP, INC., 500 FREEPORT PARKWAY, COPPELL TX 75019
W Rodney Mcmullen director 1014 VINE ST, CINCINNATI OH 45202
Alex Cho director HP, 1501 PAGE MILL ROAD, PALO ALTO CA 94304
Matthew H Puckett officer: EVP & Chief Financial Officer 1551 WEWATTA STREET, DENVER CO 80202
Jennifer S. Sim officer: EVP, GC & Secretary 1551 WEWATTA STREET, DENVER CO 80202